One trading expert confirmed that although it continues XRP After the losses, the asset’s technical setup indicates a potential rally towards a record high of $8.5.
To that end, according to Ali Martinez at X mail On April 12, XRP is trading within a massive ascending triangle on the monthly chart that has developed over approximately nine years.
Since 2017, the asset has repeatedly risen to horizontal resistance before being rejected and falling back to the rising trend line that acts as overall support.
The analysis indicated a recurring cycle, with multiple touches of ascending support confirming its strength. Each rejection of resistance led to higher lows, reinforcing the long-term bullish structure despite the extended consolidation.
After the August 2025 rejection, Martinez said he expects XRP to retest the $0.75 and $0.80 support areas, which correspond to the uptrend line and could attract buyers. Maintaining this level would maintain the triangle structure and support another upward movement.
If the pattern breaks to the upside, the forecast sees a potential rally towards $8.5, based on the height of the triangle.
Extended consolidation reinforces these expectations, as long-term patterns often lead to large moves once they resolve.
However, the setup depends on XRP retaining macro support. A sustained drop below $0.75 could invalidate the pattern and delay a breakout.
To maintain this momentum, XRP will rely heavily on broader market sentiment, keeping in mind Cryptocurrency It lacks a specific catalyst to drive price action.
XRP network activity rises
Meanwhile, despite weak price growth, the XRP network continues to show strength and expansion.
For example, the XRP Ledger recorded a sharp rise Stable coin Activity, as the volume of transfers reached $1.77 billion over the past 30 days, representing an increase of 91.9%.
Other key metrics also trended higher during this period, with the market capitalization of stablecoins rising to $432.26 million, up 7.51%, while the number of coin holders rose 7.99% to 56,830, reflecting growing adoption across the network.
The market is still largely dominated by RLUSD, which represents approximately 84-85% of the total share, with a value of approximately $336.8 million. Meanwhile, the ecosystem continues to expand, with new stablecoins such as XSGD, EURØP and USD Coin launching on XRPL in 2025.
XRP price analysis
By press time, XRP was trading at $1.33, having fallen 2.5% over the past 24 hours. On the weekly time frame, the asset fell by more than 3%.
As it stands, XRP’s immediate support zone is between $1.28 and $1.30, and a break below this range could open the door to $1.15 or lower.
On the other hand, the first major hurdle for XRP is between $1.36 and $1.40, with a decisive close above $1.40 indicating potential relief towards $1.60.
